NTPC Green Energy and Indus Towers signed a memorandum of understanding (MoU) to address the need for pacing green energy objectives and the government of India (GOI) efforts towards carbon neutral economy.

As part of increasing NTPCs renewable energy portfolio, a fully owned subsidiary has been formed as NTPC Green Energy (NGEL) which shall take up renewable energy parks and projects including business in the area of green hydrogen, energy storage technologies, and round the clock RE power.

The scope of MoU is to explore a joint development of grid connected renewable energy based power projects including solar, wind, energy storage etc and/or solutions thereof.

Indus Towers aims to expand its renewable energy portfolio in a phased manner to Giga Watt scale capacity for its business operations spread across the country, as a part of its net zero commitments.

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business.